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Archive for February 2020

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  • Wink’s Virtual Career Fair!

    {February 19th, 2020} by Jamie Johnson

    Wink is supporting the 5th annual Insurance Careers Month during the month of February with a virtual job fair for the life insurance and annuity industry! Please browse through all of the current life and annuity career openings  at https://www.winkintel.com/category/insurance-industry-job-openings/ Each week we will include job postings in our weekly newsletter, however, year-round we continue […]

    Associate Actuary, Life Inforce Management: AIG, Houston, TX

    {February 19th, 2020} by N/A

    Functional Area: AC – ActuarialEstimated Travel Percentage (%): No TravelRelocation Provided: NoAmerican General Life Insurance Company Your future team At AIG Life USA, we leverage the strength of AIG to do meaningful work every day – whether it’s helping families go on after the loss of a loved one, providing financial support to customers struggling […]

    Regional Director – Life Sales: AIG, Remote CA, NY

    {February 19th, 2020} by N/A

    Functional Area: SC – Sales Commission Estimated Travel Percentage (%): Up to 50% Relocation Provided: No American General Life Insurance Company Regional Director – Life Sales          Direct Marketing Organizations Job Overview: The Regional Director is the relationship manager for Direct Marketing Organizations belonging to our Life Brokerage channel. The role functions as the primary distribution […]

    Regional Life Specialist MO: AIG, Remote-MO

    {February 19th, 2020} by N/A

    Remote-MO   Functional Area: SC – Sales Commission Estimated Travel Percentage (%): More than 50% Relocation Provided: No American General Life Insurance Company REGIONAL LIFE SPECIALIST – Missouri The Advisor Insurance Solutions Center, a multi-carrier distribution partner with Edward Jones is looking for a Regional Life Specialist to provide point of sale support to Financial […]

    Director of Business Development – Individual Life Products: AIG, Various Locations U.S.A.

    {February 19th, 2020} by N/A

      Functional Area: SM – Sales & Marketing Estimated Travel Percentage (%): Up to 50% Relocation Provided: No American General Life Insurance Company The Director Business Development role will be responsible for developing and managing strategic partnerships to drive Life at AIG Direct.  These relationships will be with organizations such as Associations, Retailers, Health Distributors and […]

    Internal Wholesaler I: AIG, Houston, TX

    {February 19th, 2020} by N/A

    The Advisor Insurance Solutions Center, a multi-carrier distribution partner with Edward Jones, is looking for an Internal Wholesaler to provide support for our Regional Life Specialists as well as Edward Jones Financial Advisors. This is an exciting opportunity in the life insurance industry to support Edward Jones which is one of the largest Broker Dealers […]

    NAIC Takes Action to Protect Annuity Consumers

    {February 19th, 2020} by NAIC

    WASHINGTON (Feb. 13, 2020) — In a meeting of the National Association of Insurance Commissioner (NAIC) Plenary, the association approved revisions to the Suitability in Annuity Transactions Model Regulation (#275). The revisions clarify that all recommendations by agents and insurers must be in the best interest of the consumer and that agents and carriers may not […]

    NAIC Finalizes ‘Best Interest’ Annuity Sales Model Law

    {February 19th, 2020} by John Hilton

    State insurance commissioners voted today to sent a strengthened annuity sales model law that adds a best-interest standard to the states for adoption. The successful vote came over the strenuous objections of New York Superintendent of Financial Services Linda Lacewell. “I believe the role of the NAIC should be to lift all states up and […]

    Political Corruption Trial Of Insurance Magnate Starts Today

    {February 19th, 2020} by John Hilton

    Jury selection begins today for an insurance company magnate and two associates on trial for charges they conspired to bribe an elected North Carolina regulator with up to $2 million in campaign money so scrutiny of his businesses would ease. U.S. District Judge Max Cogburn will preside over the case involving Greg E. Lindberg, who […]

    Great American and Illinois Mutual Reach Out With Contests

    {February 19th, 2020} by Allison Bell

    At least two life insurers are sponsoring contests this winter. Great American Insurance Group — an annuity issuer — is asking annuity customers to send in photos, videos and stories showing what makes their lives great. Illinois Mutual Life Insurance Company is asking people to send in photos for a “Moments Matter” contest. The Illinois […]

    The National Association of Independent Life Brokerage Agencies (NAILBA) continues in its mission of supporting the industry’s growth by launching the ID Media Network.

    {February 19th, 2020} by NAILBA

    A multi-platform media network, NAILBA’s ID Media Network is a first of its kind, offering industry information, educational resources and engaging content for independent insurance agency executives, brokers and independent advisors. The ID Network houses nine different media channels covering live on-demand videos and events, digital and print publications, newsletters, and social media interactions.  This […]

    1 in 4 Consumers Can’t Name 1 Life Insurance Company

    {February 19th, 2020} by Steve Morelli

    Although life insurance companies are edging slightly on their property/casualty cousins, they are still a distant second in brand awareness. One in four consumers cannot name a single life company and most can’t name three, according to LIMRA research. When asked to name a life carrier, consumers were as likely to pick the king of […]

    Why Do We Suck at Life Insurance?

    {February 19th, 2020} by Robert Mittel and Scott Stathis

    It started as a joke. “Why do we suck at life insurance?” said a participant at a recent Stathis-Mittel Industry forum. A sincere question asked in a joking manner. Why do we struggle so much with providing life insurance solutions to financial institution clients? It’s been a nagging issue that has plagued the bank investment […]

    Allianz Life Named a 2020 FORTUNE 100 Best Company to Work For

    {February 19th, 2020} by Allianz Life Insurance Company of North America

    MINNEAPOLIS–(BUSINESS WIRE)–Allianz Life Insurance Company of North America (Allianz Life®) announced today that it is included among the 2020 FORTUNE 100 Best Companies to Work For. This is the ninth consecutive year the company has made the list, a continuous recognition for its commitment to company culture, employee development, and diversity and inclusion. This year, […]

    Athene Holding Ltd. Reports Fourth Quarter and Full Year 2019 Results

    {February 19th, 2020} by Athene Holding, Ltd.

    PEMBROKE, Bermuda–(BUSINESS WIRE)–Athene Holding Ltd. (“Athene”) (NYSE: ATH), a leading provider of retirement savings products, announced financial results for the fourth quarter and full year 2019. Net income available to AHL common shareholders for the fourth quarter 2019 was $432 million, or $2.42 per diluted Class A common share (“diluted share”), compared to a net loss […]

    FBL Financial Group Announces Leadership Appointments

    {February 19th, 2020} by FBL Financial Group, Inc.

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) today announced the appointment of three individuals to its executive management team: Daniel M. (Dan) Koster as Vice President – Marketing & Agency Services; Ronald L. (Ron) Mead as Vice President – Sales & Distribution; and Jay W. Seiboldt as Chief Operating Officer – Property Casualty […]

    AIG Reports Fourth Quarter and Full Year 2019 Results

    {February 19th, 2020} by American International Group, Inc

    NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (NYSE: AIG) today reported net income attributable to AIG common shareholders of $922 million, or $1.03 per diluted common share, for the fourth quarter of 2019, compared to a net loss attributable to AIG common shareholders of $622 million, or $0.70 per common share, in the prior-year quarter. The […]

    American Equity Reports Fourth Quarter and Full Year 2019 Results

    {February 19th, 2020} by American Equity Investment Life Holding Company

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–American Equity Investment Life Holding Company (NYSE: AEL), a leading issuer of fixed index annuities (FIAs), today reported fourth quarter 2019 net income of $220.2 million, or $2.40 per diluted common share, compared to net income of $53.8 million, or $0.59 per diluted common share, for fourth quarter 2018. For the […]

    AmeriLife® Leverages Executive Team to Capitalize on Industry Growth and Opportunities

    {February 19th, 2020} by AmeriLife

    CLEARWATER, Fla., Feb. 18, 2020 /PRNewswire/ — AmeriLife Group, LLC, the national leader in marketing and distributing life, health and retirement solutions, today announced a strategic update to its executive leadership team, dedicating focus to both organic growth and acquisitions within distribution. Derek Richardson has been named Executive Vice President, Distribution Development, and Scotty Elliott has been named President, Life & Health […]

    DALBAR Seeks Out Best-in-Class Annuity Illustrations

    {February 19th, 2020} by DALBAR, Inc

    MARLBOROUGH, Mass., Feb. 13, 2020 /PRNewswire/ — Illustrations are essential to the annuity sales process and DALBAR’s recent review found Lincoln Financial to be the top provider of these communications, with New York Life, Jackson, Nationwide and Pacific Life all rounding out the top 5. Lincoln’s qualification for the Communication Seal of Excellence is well deserved as the […]

    Transamerica Earns Perfect Score on 2020 Corporate Equality Index

    {February 19th, 2020} by Transamerica

    BALTIMORE, Feb. 12, 2020 /PRNewswire/ — The Human Rights Campaign Foundation announced that Transamerica scored 100 percent on its Corporate Equality Index for the third consecutive year. The index is a national benchmarking tool that measures workplace equality for lesbian, gay, bisexual, transgender and queer (LGBTQ) employees. “The impact of the Human Rights Campaign’s Corporate Equality Index over […]

    Women’s Retirement Insecurity Is a Global Concern

    {February 19th, 2020} by Transamerica Center for Retirement Studies

    LOS ANGELES, Feb. 19, 2020 /PRNewswire/ — Globally, only 21 percent of women workers (25 percent U.S.) believe they are on course to achieve their retirement income needs, according to a new report released today, The New Social Contract: Achieving retirement equality for women, based on an annual survey of 15 countries spanning Europe, the Americas, Asia, and Australia. It is a collaboration […]

    PHP Agency Inc. Hosts Five Regional Events

    {February 19th, 2020} by PHP Agency Inc

    ADDISON, Texas, Feb. 18, 2020 /PRNewswire/ — PHP Agency Inc., a rapidly expanding financial services marketing organization, is entering the new decade with a vision of fundamentally reinvigorating the financial services industry. Last December, a record-breaking 6,653 insurance applications were written, up more than 100% from December 2018. With this continued momentum, PHP hosted five regional events throughout […]

    Farmers Insurance® Named One of the 2020 Fortune 100 Best Companies to Work For® by Great Place to Work® and Fortune

    {February 19th, 2020} by Farmers Insurance

    WOODLAND HILLS, Calif., Feb. 18, 2020 /PRNewswire/ — Farmers Insurance® has been honored by Great Place to Work and Fortune as one of the 2020 Fortune 100 Best Companies to Work For®. To determine the Fortune 100 Best Companies to Work For® list, Great Place to Work® analyzed responses from more than 650,000 employees at Great Place to Work-Certified™ organizations across the country. Farmers […]

    While Confident They’ll Manage Financially, Four in 10 Americans Don’t Have a Financial Plan if Separated or Widowed Later in Life

    {February 19th, 2020} by TD Ameritrade

    OMAHA, Neb.–(BUSINESS WIRE)–With the average life expectancy reaching nearly 79 years old,1 Americans are living longer than previous generations. But with that extra time, are they planning accordingly for it, especially when it comes to the loss of a partner? While confident they can manage financially if separated or widowed later in life, many Americans age […]

    Insurers, Regulators Race To Stay Ahead Of Cyber Crooks

    {February 19th, 2020} by John Hilton

    Data security remains one of the biggest issues in the insurance industry, with regulators racing to stay ahead of cyber criminals. The impact of potential breaches, as well as compliance costs, starts with insurers, but is felt all the way down to the producer level. After all, it is the agents and advisors who are […]

    How Life Insurance Agents Impact Poverty

    {February 19th, 2020} by Lloyd Lofton

    When you struggle to make ends meet, it fundamentally changes your relationship to money. Being poor means every experience centers on money. Although poor people possess little money in relationship to others, money nonetheless becomes central to their everyday lives. Click HERE to read the full story via INN

    Clearing Up Confusion About SECURE Act: Column

    {February 19th, 2020} by Jill Schlesinger

      After I wrote about the Setting Every Community Up for Retirement Enhancement (SECURE) Act, I received a slew of questions from readers. Below are some of the most common queries that I fielded about this complex act and what it means for your retirement planning. Frank from Chicago wanted a clarification about how the […]

    Unanswered Reg BI Questions As Agents Prepare

    {February 19th, 2020} by Elizabeth Festa

    Insurance agents and brokers are carefully preparing for Regulation Best Interest with training, risk assessments for conflicts of interest — and also with detailed questions to help fine-tune the process. Industry experts expect that with the increase in documentation, firms will have to do a better job of keeping notes and documenting the recommendation process, […]

    Lobbyists Work To Get States To ‘Quickly’ Adopt New Annuity Rules

    {February 19th, 2020} by John Hilton

    Now that the National Association of Insurance Commissioners has agreed on a “best interest” standard for annuity sales, the race begins to get the rules on the books in 50 states — or at least as many as possible. The NAIC only passes model laws — the states either adopt them via legislation or by […]

    Life Happens Brings Back Love Campaign

    {February 19th, 2020} by Allison Bell

    Life Happens is in the middle of promoting its annual valentine to life insurance awareness, the February #InsureYourLove campaign, on Twitter, Facebook and other social media services. Some of the campaign promotional materials use heart imagery, in an allusion to Valentine’s Day. But Life Happens is emphasizing use of imagery that conveys the idea, “A Promise […]

    U.S. Life Insurance Activity Finishes up 2.5% in January Reports the MIB Life Index

    {February 19th, 2020} by MIB Life Index

    Braintree, MA. (February 12, 2020) — U.S. life insurance application activity was up 2.5% Y/Y in January, predominantly led by younger age buyers, according to the MIB Life Index. The January Index puts an optimistic spin on life insurance application volume after an uninspiring 2019 YTD (+0.4%), setting a January index level not seen since 2016. January’s […]

    Full NAIC Adopts Annuity Suitability Model Update

    {February 19th, 2020} by Allison Bell

    Members of the National Association of Insurance Commissioners (NAIC) today voted to approve an update to the NAIC’s Suitability in Annuity Transactions Model Regulation (Model Number 275). The revisions add a requirement for agents, brokers and other annuity producers to “act in the best interest of the consumer when making a recommendation of an annuity,” […]

    Annuity sales hit record in 2019 thanks to new breed of VA

    {February 19th, 2020} by Emile Hallez

    Variable annuities had their best sales year since 2008 last year, powered by enormous growth in the sales of registered indexed-linked annuities. Click HERE to read via InvestmentNews

    AmeriLife Acquires Control Over J.D. Mellberg

    {February 19th, 2020} by Allison Bell

    AmeriLife Group LLC has acquired a majority interest in J.D. Mellberg Financial, a Tucson, Arizona-based firm that sells annuities and retirement planning services. AmeriLife — a Clearwater, Florida-based life, health and annuity distributor — said earlier this week that it’s getting J.D. Mellberg’s lead-generation, appointment-setting, and analysis tools, as well as the company’s sales and planning operations. AmeriLife is […]

    California Commissioner Discusses His Vote for the Suitability Model

    {February 19th, 2020} by Allison Bell

    California Insurance Commissioner Ricardo Lara has expressed concerns about the National Association of Insurance Commissioners’ new suitability model update, but — unlike New York state’s  top insurance regulator — he voted for it. Lara talked about his views on the NAIC’s revised Suitability in Annuity Transactions Model Regulation (Model Number 275)  Thursday, in a statement. […]

    Genworth Negotiating Over Subsidiary Capital With New York State

    {February 19th, 2020} by Allison Bell

    The New York State Department of Financial Services officials are trying to use their ability to block the sale of Genworth Financial Inc. to make Genworth increase capital levels at a life insurance subsidiary in New York. The New York department wants Genworth to add the capital, to Genworth Life Insurance Company of New York (GLICNY), as a condition for […]

    Life Insurance and George Washington’s Statue

    {February 19th, 2020} by Thomas Jefferson

    George Washington was the founding president of the Society of Cincinnati, which started out serving as, among other things, a fraternal benefit society for Continental Army officers. He himself used his own resources to provide annuities, including an annuity of 50 pounds per year, or the equivalent of about $5,000 per year in 2020 dollars, to […]

    Securian Unit Agrees to Acquire Gerber Life’s Canadian Policies

    {February 19th, 2020} by Allison Bell

    Canadian Premier Life Insurance Company has agreed to buy a block of life insurance business in Canada from an arm of Western & Southern Financial Group Inc. Canadian Premier —  a Toronto-based arm of Securian Financial Group Inc. — is acquiring the Canadian block of business from Gerber Life Insurance Company. Western & Southern acquired Gerber Life from a unit of Nestlé S.A. […]

    2019 term life insurance issues

    {February 19th, 2020} by Milliman

    In 2019, Milliman conducted its second biennial broad-based survey on term life insurance. The survey captured historical data for key industry competitors as well as company perspectives on a range of issues pertaining to these products in the future. Click HERE to view summary via Milliman

    Average Term Life Premium Falls: Milliman Survey

    {February 19th, 2020} by Allison Bell

    U.S. term life buyers might be spending a little less on term life insurance and getting less coverage for each dollar spent. Milliman has published data supporting that possibility in a summary of results from a survey of 28 companies that sell individual term life insurance in the United States. The full report includes more […]

    Susan Thomas to Lead Life Insurers Council

    {February 19th, 2020} by Allison Bell

    Susan Thomas is taking over from Mark Singleton as the chair of the LOMA Life Insurers Council (LIC) board for 2020. Thomas is the chief executive officer of Texas Service Life Insurance Company of Austin, Texas. She first joined the LIC board in 2017. Byron Allen will be the LIC vice chair. Francois Duguay will be the […]

    SOA Connects With Plug and Play

    {February 19th, 2020} by Allison Bell

    The Society of Actuaries (SOA) is teaming up with Plug and Play, an innovation support organization, to connect its 31,000 members with insurance technology startups. One component of the partnership will be a mentorship program that will connect actuaries with startups, the SOA  says. Another component will be SOA member access to a webcast and podcast series […]

    AALU, GAMA Memberships Approve Creation of New Organization, New Board of Directors

    {February 19th, 2020} by AALU

    WASHINGTON, D.C. – After announcing their intent to create a new organization in July 2019, AALU and GAMA International today announced each membership has overwhelmingly voted to approve the creation of the new organization and its first Board of Directors. “Simply put, this is historic,” Marc Cadin, AALU president and CEO, said. “The overwhelming amount of yes votes […]

    AALU and GAMA Members Approve Combination

    {February 19th, 2020} by Allison Bell

    The members of the Association for Advanced Life Underwriting (AALU) and GAMA International have voted to approve the organizations’ proposed combination, the groups announced today. The groups did not release vote tallies, but Marc Cadin, AALU’s president, said in a written comment that the groups received an “overhwelming amount of yes votes.” Cadin said the vote for the AALU-GAMA […]

    How to Deal With an Aging Advisor Force and Aging Clients

    {February 19th, 2020} by Bernice Napach

    More than one-third of financial advisors, or 111,500-plus, will be retiring this decade, along with many of their clients, creating a number of dramatic challenges for the industry. Firms will be faced with retaining the assets of retiring advisors, which account for almost 40% of all advisor assets, managing the shrinking or slower growing assets […]

    Variable Annuity Sales Rise: Survey

    {February 19th, 2020} by Allison Bell

    Many top annuity issuers say they have responded to the recent cuts in interest rates by tightening benefits and increasing prices. Issuers’ efforts to rate-proof their annuity units may be starting to show up in annuity sales. Overall sales of U.S. individual annuities fell 8% between the fourth quarter of 2018 and the fourth quarter […]

    What is the best Retirement Annuity?

    {February 19th, 2020} by The Annuity Man

    The annuity industry has done a poor job educating the public on the history of the product dating back to the Roman Times, and the unique benefit proposition that only annuities can provide. That financial monopoly is… Lifetime Income. Like most industries, there’s an internal language used that doesn’t easily translate to consumer speak.  Agents and […]

    Annuity Sales Hit 11-Year High In 2019: LIMRA

    {February 19th, 2020} by Staff Reports

    Annuity sales of $241.7 billion in 2019 represented the best sales in 11 years as the industry continued to rebound from regulation and other pressures. Sales increased 3% over 2018 results, according to the Secure Retirement Institute Fourth Quarter U.S. Annuity Sales Survey. While overall sales were the best since 2008, fourth-quarter annuity sales dipped […]

    Director, Product Intelligence: John Hancock, Boston, MA

    {February 18th, 2020} by N/A

    Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations. Job Description The Director of Product Intelligence takes his/her deep understanding of the life insurance brokerage marketplace and product lines to […]

    Annuity Product Manager: John Hancock, Boston, MA

    {February 18th, 2020} by N/A

    Are you looking for unlimited opportunities to develop and succeed? With work that challenges and makes a difference, within a flexible and supportive environment, we can help our customers achieve their dreams and aspirations. Job Description The Annuity Product Manager is a highly visible role within JH insurance with responsibilities for leading product development initiatives […]

    Will Secure Act Move the Needle for Annuities in Retirement Plans?

    {February 18th, 2020} by Nick Thornton

    For years, the insurance industry and advocates for guaranteed income products have been lobbying to get fiduciary sanctuary for employer sponsors of defined contribution plans who put annuities in investment menus. And for at least a good part of last year, that sanctuary was all but certain, thanks to the annuity provider selection safe harbor […]

    Life Operations Analyst: F&G, Des Moines, IA

    {February 18th, 2020} by N/A

    Summary FGL Holdings—the F&G family of insurance companies—is committed to helping Americans prepare for and live comfortably in their retirement. Through its subsidiaries, F&G is a leading provider of annuity and life insurance products. For nearly 60 years, we have offered annuity and life insurance products to those who are seeking safety, protection and income […]

    External Regional Sales position – Northwest & Rocky Mountains market: InSource

    {February 18th, 2020} by N/A

    Open position is for the Northwest market and Rocky Mountains market. Job Description Our primary job is to market annuity and life insurance products for selected carriers through representatives who value professional assistance. Our accounts range from sole practitioners to institutions such as banks, credit unions, and broker-dealer firms. Our staff provides the full-service assistance […]

    Annuity Specialist: Oceanview Life and Annuity, Phoenix, AZ

    {February 18th, 2020} by N/A

    POSITION SUMMARY:  As an expert on B2C multi-channel communications (especially digital), the Communications and Reputation Manager (CRM) is responsible for designing, gaining consensus, then launching continuous communications strategies for Bayview Loan Servicing with emphasis on continually improving the company’s stature online. The primary area of focus will be on Customer Experience, with some additional work supporting […]

    AIG Says Low Rates Likely to Hurt Fixed Annuity Sales: Earnings

    {February 18th, 2020} by Allison Bell

    American International Group Inc. is reporting that its life and retirement unit did well in the fourth quarter, but that the return of falling rates was hard on sales. The financial services giant is reporting $869 million in net income for the fourth quarter of 2019 on $12 billion in revenue, compared with a $560 million […]

    Annuity Specialist: Equitable Life & Casualty Insurance Company Company, Salt Lake City, UT

    {February 18th, 2020} by N/A

    ABOUT US: Equitable Life & Casualty focuses on innovative and affordable life and health insurance solutions for today’s senior Americans, earning a national reputation for advancements in the fields of Medicare supplement and life insurance. We are expanding our third party administration services giving our 85 year old company the invigorating feeling of a start-up company. […]

    7 Reasons the Average Person Needs an Insurance Agent

    {February 18th, 2020} by Bryce Sanders

    You’ve seen the stereotypes applied to insurance agents. They aren’t pretty. It’s been said the quickest way to end a conversation at a party is to answer “What do you do?” with “I’m an insurance agent.” However, you, as an agent, know that most people are better off working with an insurance agent, versus going […]

    Bloomberg Vows to Restore DOL Fiduciary Rule, Add Financial Transaction Tax

    {February 18th, 2020} by Melanie Waddell

    Presidential candidate Michael Bloomberg would restore the Labor Department’s now-defunct fiduciary rule as well as institute a .01% financial transaction tax, according to his just-released financial reform policy. The three-term New York City mayor would also beef up the Volcker Rule and the Consumer Financial Protection Bureau, as well as “accelerate” the creation of the […]

    Annuity Specialist: Woodmen Life, Omaha NE

    {February 18th, 2020} by N/A

    Great Culture, Great People, Great Company If youre looking for a company thats big enough to have exciting and challenging business opportunities, yet small enough to make a personal impact WoodmenLife may be the place for you. Weve been a fixture in downtown Omaha over 125 years, and we promote a family-first environment with flexible […]

    FINRA Suspends Ex-Thrivent Rep Who Worked at Animal Hospital

    {February 18th, 2020} by Jeff Berman

    Proving once again that it is always best for brokers to inform their firms about any outside business activities, whether it’s selling insurance or even running the office at a vet clinic, the Financial Industry Regulatory Authority sanctioned a former Thrivent representative for engaging in three undisclosed outside business activities. Without admitting or denying the […]

    Actuarial Associate: American Equity, West Des Moines IA

    {February 18th, 2020} by N/A

    GENERAL PURPOSE OF THE JOB: The Actuarial Associate assists with Company pricing, product development, valuation, reserving and/or financial reporting actuarial activities as assigned.   ESSENTIAL DUTIES AND RESPONSIBILITIES: Builds, maintains, and runs actuarial models using actuarial tools (Mg-ALFA, RStudio, IAS or other); writes software code, enters inputs/assumptions, tests calculations, evaluates impacts and presents valuation, risk, […]

    Life Actuarial Services – Manager: PwC, Des Moines IA

    {February 18th, 2020} by N/A

    A career in our Actuarial Life Services practice, within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators. You’ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, […]

    Divisional Sales Manager: Protective Life, Chicago IL

    {February 18th, 2020} by N/A

    Manage a team of life/annuity External Wholesalers (Regional Directors) within a specified region of the US. The purpose of the DSM role is to hire, train, and manage wholesalers to grow sales of life/annuity products for Protective Life in this channel covering half of the US.   Required experience: -experience in life/annuity sales management in wholesaling […]

    Internal Wholesaler: Great American Insurance Group, Cincinnati, OH

    {February 18th, 2020} by N/A

    Work closely with the assigned group and external sales to develop and execute an appropriate business plan to maximize territorial sales. Identify key producers; develop relationships and aid in the creation and implementation of marketing campaigns. Provide sales and marketing support including the development and implementation of phone and email campaigns. Respond to inquiries from […]

    Actuary: F&G, Des Moines, IA

    {February 18th, 2020} by N/A

    Summary FGL Holdings—the F&G family of insurance companies—is committed to helping Americans prepare for and live comfortably in their retirement. Through its subsidiaries, F&G is a leading provider of annuity and life insurance products. For nearly 60 years, we have offered annuity and life insurance products to those who are seeking safety, protection and income […]

    Market Research Analyst: Sagicor, Scottsdale AZ

    {February 18th, 2020} by N/A

    The Market Research Analyst is responsible for effectively and efficiently managing all aspects of the product research and development phase. The focus is to play an active role in the design of new products, or enhancements to existing products, with an emphasis on understanding key competitive issues. The person will be an expert in the […]

    TCS Named a Leader and Star Performer in Life & Annuities Insurance Application and Digital Services by Everest Group

    {February 18th, 2020} by TCS

    NEW YORK | MUMBAI, February 17, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader and Star Performer in the Everest Group PEAK Matrix® for Life & Annuities (L&A) Insurance Application and Digital Services[1]. In an assessment of 20 global service […]

    What you don’t know about your parents’ retirement plans could hurt you financially

    {February 18th, 2020} by Dhara Singh

    Most working Americans have no clue how prepared their parents are for retirement, a knowledge gap that could hurt their own finances. About 7 in 10 of adults between 25 and 44 said they know little to nothing about their parents’ finances, according to a survey from AgeUp, an annuity product issued by MassMutual and sold […]

    Massachusetts Securities Division Expands Jurisdiction to Non-Securities

    {February 18th, 2020} by Pete S. Michaels, David L. Ward

    The Enforcement Section of the Massachusetts Securities Division (“MSD”) recently filed an Administrative Complaint against Ryan Patrick Skinner (“Skinner”) and related entities Summit Financial Partners and Summit Financial Ptrs Inc of Woburn, MA (together, “Summit”)[1]. Summit is not a broker-dealer or investment advisor licensed by the MSD.[2] Further, Skinner is not a registered representative. Interestingly, the products at issue […]

    Ladenburg Thalmann Announces Completion of Merger with Advisor Group

    {February 18th, 2020} by Ladenburg Thalmann Financial Services Inc

    NEW YORK–(BUSINESS WIRE)–Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS PrA, LTSL, LTSF, LTSK, LTSH) (“Ladenburg”), a diversified financial services company, today announced the successful completion of its merger with Advisor Group, Inc. (“Advisor Group”), one of the nation’s largest networks of independent wealth management firms. The expanded Advisor Group will be one of the […]

    The Standard Promotes Christopher Beaulieu to Vice President of Individual Annuities and Fixed Income

    {February 18th, 2020} by The Standard

    PORTLAND, Ore.–(BUSINESS WIRE)–Standard Insurance Company (“The Standard”) announced today that Christopher Beaulieu has been promoted to vice president of Individual Annuities and Fixed Income. Beaulieu joined The Standard in 2015 as assistant vice president of Investments where he has been leading an investment team responsible for fixed income investments in public markets. In his new […]

    Life Actuary Consultant: Deloitte Consulting LLP, Multiple Locations, USA

    {February 17th, 2020} by N/A

    Minneapolis, Minnesota, United States New York, New York, United States Hartford, Connecticut, United States Chicago, Illinois, United States Position summary Life Actuary Consulting Consultant   Deloitte Consulting’s Human Capital practice is a leading global advisor and implementation partner working with companies, governments, and organizations around the world. Our goal is to improve our clients’ organizational […]

    Internal Wholesaler Position – Life Insurance Division: Pacific Life, Aliso Viejo, CA

    {February 17th, 2020} by N/A

    Internal Wholesaler Life Insurance Job Description Internal Wholesaler Position – Life Insurance Division Currently, we are seeking a talented Internal Wholesaler to join the WFG Channel in the Life Insurance Division in Aliso Viejo. The Life Insurance Division works with financial and insurance professionals to give families and businesses the life insurance coverage needed to […]

    Fixed Annuity Specialist, Pacific Life, Omaha NE

    {February 17th, 2020} by N/A

    Description Fixed Annuity Specialist Why You? You are a self-starter with a ‘can do’ attitude who is up for the challenge to become the best-of-the best on our customer service team. You are a confident communicator with an engaging personality, which makes you an excellent collaborator and equally adept at building relationships with your clients. […]

    Director of Marketing & Communications: Legacy Marketing, Petaluma, CA

    {February 17th, 2020} by N/A

    Director of Marketing & Communications Position Summary Direct the development of Legacy’s marketing plan as it relates to product promotion, corporate communication, corporate branding, and customer persuasion. Formulate and manage external and internal communications to convey professional, positive, consistent, and compliant messaging that promotes Legacy’s image. Position requires originality, determination and discipline to the work […]

    Competition Desk Wholesaler: Mutual of Omaha, Omaha, NE

    {February 17th, 2020} by N/A

    Job no: 497065 Work type: Full Time Regular Location: Nebraska Categories: Marketing/Communications, Sales Responsible for gathering in-depth market and competitor information for the segment product portfolio. Understands the interaction between carriers, distributors, consultants, TPAs, reinsurers and other principals and intermediaries and how to best glean critical information from a variety of sources to inform key internal stakeholders on important […]

    Actuary: EquiTrust, West Des Moines, IA

    {February 17th, 2020} by N/A

    The Actuary will be responsible for leading the modeling and valuation team in performing monthly/quarterly valuations and year-end financial reporting for both life and annuity blocks of business.  This includes Statutory and Tax reserves, ALM risk duration and Cash Flow Testing. The Actuary will provide leadership to a growing actuarial modeling and valuation team including […]

    Internal Wholesaler, Independant Marketing Organization: Athene USA, West Des Moines, IA

    {February 17th, 2020} by N/A

    We are Athene. At Athene, we are driven to do more. We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We see every day as a new opportunity to measure ourselves against the best – […]

    Here’s What Happens When You Borrow From Your Life Insurance

    {February 17th, 2020} by Catherine Brock

    ou can borrow against next week with a payday loan and against next month with a credit card. You can even borrow against your own retirement with a 401(k) loan. But what about a life insurance loan? Well, it won’t affect your afterlife, but your heirs might not appreciate it. If you can get past […]

    Why “Tax Time” is a Good Time to Consider Life Insurance Options

    {February 17th, 2020} by Deana Lemmon, LTCP

    Tax season is a good time of year to consider your options for improving your quality of life. According to Deana Lemmon, long-term care professional and life insurance specialist at Sarvey Insurance, “If they qualify for a tax refund, many people use the extra funds to improve their homes, purchase a better vehicle or add […]

    Sr. Consultant – Actuary, Annuity Valuation: Lincoln Financial Group, Multiple Locations U.S.A

    {February 16th, 2020} by N/A

    Alternate Locations: Fort Wayne, IN (Indiana); Greensboro, NC (North Carolina); Hartford, CT (Connecticut); Radnor, PA (Pennsylvania) Relocation assistance is not available for this opportunity. Requisition #60272 About The Company Lincoln Financial Group, a Fortune 250 company with over 10,000 employees, provides advice and solutions that help empower Americans to take charge of their financial lives […]

    Executive Assistant: Americo Financial Life and Annuity, Kansas City, MO

    {February 16th, 2020} by N/A

    JOB SUMMARY: We are currently seeking a responsible, high-energy individual for our open Executive Assistant position. The Executive Assistant will manage the day to day operations for a high level executive. The ideal candidate is well organized, flexible, thorough, and self-motivated, with experience in handling a wide range of corporate administrative responsibilities. The ideal candidate […]

    Account Manager: The Standard, Dallas TX

    {February 16th, 2020} by N/A

    Job Summary: Support business growth, profitability and retention by developing and maintaining an effective account management strategy for assigned accounts within an Employee Benefits Sales and Service office and its detached offices. Assigned groups will typically include cases over 500 lives with complicated plan designs, sensitive or problematic administrative issues, multiple divisions and locations or […]

    Underwriting Product Specialist-Programs: EMC Insurance Companies, Des Moines IA

    {February 16th, 2020} by N/A

    At EMC, you’ll put your skills to good use as an important member of our team. You can count on gaining valuable experience while contributing to the company’s success. EMC strives to hire and retain the best people by engaging, developing and rewarding employees. Essential Functions Leads, researches, and coordinates the strategy, administration, and development […]

    National Sales Manager: American National, Dallas TX

    {February 16th, 2020} by N/A

    Who We Are. American National is a successful and stable corporation guided by five core values: Financial Strength, Integrity, Respect, Service and Teamwork. We are among America’s Most Trustworthy Financial Companies according to Forbes. We’ve spent the last 110+ years earning this reputation and we work each day to expand this legacy. We know we’re […]

    Operations Team Manager: National Life Group, Burlington, VT

    {February 16th, 2020} by N/A

    Team Manager Summary The Team Manager provides leadership to a team of Case Managers, Replacement Technicians and Policy Support personnel; in addition the Team Manager will also play the role of Key Account Manager for the team’s distribution partners. The Team Manager must be committed to establishing and sustaining a strong, professional, and focused team engaged […]

    Chief Distribution Officer: Brokers International, Urbandale, IA

    {February 16th, 2020} by N/A

    Brokers International [“BI”] is one of the nation’s largest and longest standing insurance marketing organizations, delivering fully integrated insurance, retirement, and wealth management solutions to 25 agencies and 2500 independent agents in 49 states. At BI, our passion is to help our partners succeed. We do this every day with industry leading marketing solutions, product […]

    Regional Vice President, Broker Dealer Channel – External Wholesaler Chicagoland: Athene USA, Remote

    {February 16th, 2020} by N/A

    We are Athene. At Athene, we are driven to do more. We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We see every day as a new opportunity to measure ourselves against the best – […]

    Life Wholesaler: TruChoice Financial, Sacramento, CA

    {February 16th, 2020} by N/A

    Promote life insurance products among several carriers through the skilled application of concept-based education and sales techniques to independent field agents. Promote and wholesale life insurance products through suggestive sales techniques to surpass both profitability and agent recruiting goals on an individual and team basis. Acquire and maintain current knowledge of life insurance products being […]

    Regional Director: Guardian Life, Los Angeles, CA

    {February 16th, 2020} by N/A

    The Regional Director (RD) role is a non-producing sales leader role.  The RD does not have any personal production goals.  An effective Regional Director is charged with leading& developing a team of sales and service people in the pursuit of annual team goals involving Revenue, Sales, Persistency and Earnings.  Additionally, the RD is responsible to […]

    Staff Accountant/Investment Accountant: Americo, Kansas City, MO

    {February 16th, 2020} by N/A

    Staff Accountant/Investment Accountant Job Summary: We are currently looking for a Staff Accountant/Investment Accountant to join our Corporate Finance group. The Staff Accountant/Investment Accountant will perform a variety of functions relating to the overall reporting of investment activity. Key Responsibilities: Reconciliation of investment portfolios from investment accounting system to ledger and reports. Reconciliation of bank […]

    Compliance Officer: FormulaFolios, Grand Rapids, MI

    {February 16th, 2020} by N/A

    The Compliance Officer will assist the Chief Compliance Officer with maintaining and enforcing FFI’s written policies and procedures. The Compliance Officer will assist in expanding and reviewing all activities of FFI including, but not limited to, trading, billing, and planning, and will also perform investment adviser compliance related functions on an as-needed basis. The qualified […]

    Annuity Marketing Specialist: Alpha Solutions Management, Okemos, MI

    {February 16th, 2020} by N/A

    Annuity Internal Wholesaler Alpha Solutions is a growing annuity/life marketing company based out of Okemos, Michigan. We experienced a 92% growth last year within our Independent channel! Alpha is more than just an employment opportunity, it’s full of energy, great staff and fun!!  We are looking for a sales professional who has the ability and desire to […]

    External Wholesalers: Financial Distributors Group, Multiple Locations U.S.A.

    {February 16th, 2020} by N/A

    External Wholesalers Needed. Multiple Carriers/Multiple Products. FIA’s, LTC, SPL, and MYGA’s. Be your own boss and earn higher than average bp’s. Ohio/Michigan, Illinois/Wisconsin/Indiana, DC/Maryland/Virginia, N CA/Washington/Oregon, Texas/Oklahoma. Experienced externals only, please. Contact Patti at pbosco44@aol.com

    Business Analyst 3: Sammons Financial, West Des Moines, IA

    {February 16th, 2020} by N/A

    Sammons® Financial Group (SFG) Member Companies offer some of today’s most sought after life insurance, annuity, and retirement planning products. Unlike most financial organizations, our companies are not publicly traded, which means we’re focused on long-term value rather than short-term earnings pressures. As a privately held company, our leaders and employees remain consistently focused on […]

    Annuities Specialist- Customer Service: Cognizant, Des Moines, IA

    {February 15th, 2020} by N/A

    Annuities Specialist- Customer Service Available Shifts Full-Time Monday – Friday 8:30 am-5:30 pm Monday – Thursday 7:30 am – 5:00 pm and Fridays 7:30 am – 12:30 pm Job Summary Cognizant is growing in our Customer Service Annuities department and we’re looking to add Annuities Customer Service Specialist to our growing team that will support […]

    Life Insurance Case Manager: CreativeOne, Leawood, KS

    {February 15th, 2020} by N/A

    About CreativeOne Surpassing the traditional definition of an independent marketing organization, CreativeOne is an industry-leading diversified financial services organization focused on retirement income solutions, including annuities, investments and life insurance. Changing the scenery since 1984, CreativeOne has been providing expert advisor solutions that foreshadow regulatory change while supplementing successful independent businesses through exclusive product offerings, […]

    Pricing/Product Design Actuary: Pacific Life, Aliso Viejo, CA

    {February 15th, 2020} by N/A

    Position Summary Job Description This Associate or Assistant Actuary works in the Product Design Department of the Life Insurance Division. Target level is for an Assistant or Associate Actuary with flexibility to consider candidates at other levels. Candidates who meet most but not all of the requirements are encouraged to apply. Actual job offer and […]

    Marketing Strategy Manager: Protective Life, Denver, CO

    {February 15th, 2020} by N/A

    The Manager, Marketing Strategy is responsible for developing and leading the implementation of go-to market strategies across various channels of distribution to drive profitable sales growth. In partnership with Sales, Market Planning, and Marketing Services, this individual will define target audiences, develop and articulate offering value propositions and establish end-to-end communication, promotion, lead generation and event […]

    No. 355: Greg Lindberg—Another Update on the Federal Criminal Lawsuit in North Carolina

    {February 15th, 2020} by Joseph M. Belth

    In No. 309 (April 17, 2019), I discussed the indictment of Greg E. Lindberg and three other individuals by a federal grand jury in North Carolina. In No. 320 (July 1, 2019), I reported on the placement of four Lindberg insurance companies into court-ordered rehabilitation at the request of the North Carolina insurance commissioner. In […]

    Boston man pleads guilty to life insurance scam; impersonates dead brother in bid to collect millions

    {February 14th, 2020} by Travis Andersen

    A 33-year-old Boston man on Wednesday admitted to impersonating his deceased brother in a brazen life insurance scam and now faces up to 20 years behind bars, federal prosecutors said. Kellerman Jason Zheng pleaded guilty in US District Court in Boston to mail and wire fraud, and his sentencing is slated for June 18, according […]

    Annuity language intentionally misleading

    {February 14th, 2020} by David Moon

    The Securities and Exchange Commission won’t like this next paragraph, but read the entire thing, not just the tantalizing “promises” in the first sentence. If you hire me to manage your money, I promise to always outperform the market, never lose money and that you will never be fat. You just have to let me define […]

    Financial Regulators Gain Punitive Powers Under NY Budget Plan

    {February 14th, 2020} by John Hilton

    New York Gov. Andrew Cuomo gives financial regulators the ability to levy stiffer fines and restitution under his preliminary budget proposal. With the Department of Financial Services having recently enacted fiduciary like rules for all sales of life insurance and annuities, Cuomo’s proposal has implications for insurers. The biggest change would add a new section […]

    Security Benefit Asks For Stay In Florida Suit Over Index

    {February 14th, 2020} by John Hilton

    Security Benefit is asking a Florida court for a stay in a lawsuit challenging its use of proprietary indexes until a similar lawsuit is decided in a Kansas City appeals court. To recap, the two lawsuits are: A class-action lawsuit filed in the U.S. District Court for the Southern District of Florida originated in November.  […]

    Fidelity National Financial, Inc. Announces Signing Of A Merger Agreement To Acquire FGL Holdings For $12.50 Per Share In Combination Of Cash And FNF Common Stock

    {February 12th, 2020} by Fidelity National Financial, Inc.

    JACKSONVILLE, Fla., Feb. 7, 2020 /PRNewswire/ — Fidelity National Financial, Inc. (NYSE: FNF) (“FNF”) today announced that it has signed a merger agreement to acquire FGL Holdings (NYSE: FG) (“F&G”) for $12.50 per share of common stock, representing an equity value of approximately $2.7 billion.  Based on F&G’s adjusted earnings for the twelve months ended September 30, 2019, the transaction is expected to […]

    FGL Holdings Announces $2.7 Billion Acquisition by Fidelity National Financial

    {February 12th, 2020} by FGL Holdings

    GEORGE TOWN, Cayman Islands, Feb. 7, 2020 /PRNewswire/ — FGL Holdings (NYSE: FG) (“F&G” or the “Company”), a leading provider of fixed indexed annuities and life insurance, today announced that the Company has entered into a merger agreement pursuant to which Fidelity National Financial, Inc. (NYSE: FNF) (“FNF”), the leading provider of title insurance and closing and settlement services […]

    Fidelity National Aims to Be an Annuity Market Giant

    {February 12th, 2020} by Allison Bell

    Fidelity National Financial Inc. may be about to become a major player in the U.S. annuity market. The Jacksonville, Florida-based title insurer has agreed to pay $12.50 per share, or a total of $2.7 billion in cash and Fidelity National stock, for FGL Holdings — the Des Moines, Iowa-based company that owns Fidelity & Guaranty Life Insurance […]

    AM Best Comments on the Credit Ratings of Fidelity & Guaranty Life Holdings, Inc. Following Acquisition Announcement

    {February 12th, 2020} by A.M. Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the key life/health subsidiaries of Fidelity & Guaranty Life Holdings, Inc. (FGLH) (Delaware), collectively referred to as Fidelity & Guaranty Life Group, remain unchanged after the announcement of a definitive agreement […]

    Iowa Insurance Agents Fined For ‘Deceptive’ Mailers Targeting Elderly

    {February 12th, 2020} by John Hilton

    A Missouri insurance agent who used a lead-generation mailer advertising “FREE government benefits” was fined by the Iowa Insurance Division last week. John A. McAfee of Hannibal, Mo., agreed to a consent order that fines him $10,000, plus $1,800 for costs of investigation, and subjects his company, McAfee & Associates, to one year of monitoring. […]

    5 Things Annuity Issuer Executives Are Saying Now

    {February 12th, 2020} by Allison Bell

    Top executives at some big U.S. annuity issuers say they’re happy with how the annuity units have been doing but have noticed that interest rates have fallen. The executives have been talking about the return of falling rates over the past week, in conference calls with securities analysts. Typical “publicly traded” insurers — the kinds with […]

    National Western Life to Launch The Sterling Group, an Exclusive Alliance with Key NMOs

    {February 12th, 2020} by National Western Life Group, Inc.

    AUSTIN, Texas, Feb. 4, 2020 /PRNewswire/ — National Western Life Insurance Company (NWLIC) announced the introduction of The Sterling Group, an exclusive alliance between itself and six key national marketing organizations which was launched January 1, 2020. These national marketing organizations include Advisors Excel, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership, and M&O Marketing. “Through this alliance, […]

    Pacific Life Introduces Retirement Income Translator

    {February 12th, 2020} by Pacific Life Insurance Company

    NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Pacific Life Insurance Company has introduced the Retirement Income Translator, an online tool to help consumers understand what their retirement savings can mean when translated to retirement income. This new client resource creates a two-minute personalized video that aims to illustrate the potential benefits of protected lifetime retirement income through an annuity. […]

    Brighthouse Financial Announces Fourth Quarter and Full Year 2019 Results

    {February 12th, 2020} by Brighthouse Financial

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today its financial results for the fourth quarter and full year ended December 31, 2019. Fourth Quarter and Full Year 2019 Results The company reported a net loss available to shareholders of $1,077 million in the fourth quarter of 2019, or $10.02 […]

    Here’s What’s Disrupting Americans’ Financial Plans Most

    {February 11th, 2020} by Michael S. Fischer

    Education spending — largely on student loan debt — has become the chief financial disruptor among Americans, even more so than loss of employment or having to take a lower-paying job, according to a new Harris Poll survey conducted on behalf of TD Ameritrade. Education spending is the only financial disruptor that experienced growth in […]

    MassMutual enterprises merge as insurer bolsters wealth management arm

    {February 11th, 2020} by Tobias Salinger

    A trio of MassMutual enterprises have merged into a single firm as the giant insurer moves in the opposite direction of rivals that have spun off their broker-dealers. In absorbing the Southeast Coast and South Florida offices of MML Investors Services early this year, Fort Lauderdale, Florida-based Coastal Wealth now has more than 450 advisors, […]

    LPL Financial Receives Perfect 100 in HRC’s Corporate Equality Index

    {February 11th, 2020} by LPL Financial

    CHARLOTTE, N.C. – Jan. 27, 2020 – LPL Financial LLC, a leading retail investment advisory firm and independent broker-dealer, today announced that it received a perfect score of 100 percent in the Human Rights Campaign Foundation’s 2020 Corporate Equality Index (CEI), a national benchmarking survey and report measuring corporate policies and practices related to lesbian, gay, bisexual, […]

    Sheryl Moore: From Single Mom To Insurance Rock Star

    {February 11th, 2020} by John Hilton

    She learned fast in a business not known for producing fast learners. After a few years mastering  product development, competitive intelligence and marketing, Moore took a leap of faith and started her own company in 2005. Today, she is one of the industry’s top experts on product performance and pricing. Click HERE to read the […]

    FBL Financial Group Reports Fourth Quarter and Full Year 2019 Results

    {February 11th, 2020} by FBL Financial Group, Inc.

    WEST DES MOINES, Iowa–(BUSINESS WIRE)–FBL Financial Group, Inc. (NYSE: FFG) today reported net income attributable to FBL Financial Group for the fourth quarter of 2019 of $34.7 million, or $1.40 per diluted common share, compared to $6.4 million, or $0.26 per diluted common share, for the fourth quarter of 2018. Adjusted operating income(1) totaled $34.8 million, or […]

    AM Best Upgrades Issuer Credit Ratings of Principal Financial Group, Inc. and Its Subsidiaries

    {February 11th, 2020} by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “aa” from “aa-” and affirmed the Financial Strength Rating of A+ (Superior) of Principal Life Insurance Company and Principal National Life Insurance Company. Both are life insurance operating companies of Principal Financial Group, Inc. (PFG) [NASDAQ: PFG], and collectively are referred to as Principal. The outlook of […]

    The Penn Mutual Life Insurance Company Announces Relaunch of Chicago-area Agency

    {February 11th, 2020} by Penn Mutual

    HORSHAM, Pa.–(BUSINESS WIRE)–The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced a relaunch of its Chicago agency, now Penn Mutual Midwest Wealth Strategies. Formerly operating as Lakeshore Wealth Strategies, the firm’s new name is designed to reflect a growth and planning mindset while rooting its identity in the Midwest. The […]

    Brighthouse Financial to Host Business Update Conference Call

    {February 11th, 2020} by Brighthouse Financial

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today that it plans to hold a business update conference call and audio webcast for investors and analysts from 8:00 a.m. to 9:30 a.m. Eastern Time on Thursday, March 5, 2020. Presenters will include members of Brighthouse Financial’s senior management team. Prior […]

    Ameriprise Financial Helps Strengthen Communities Through Donations and Volunteerism

    {February 11th, 2020} by Ameriprise Financial, Inc.

    MINNEAPOLIS–(BUSINESS WIRE)–In 2019, Ameriprise Financial, Inc. (NYSE: AMP), along with its employees and advisors, donated $17.5 million and volunteered close to 100,000 hours at nonprofits in their communities. As a leader in financial planning, the firm focuses on philanthropic causes that strengthen communities and help individuals achieve economic stability. To that end, throughout the year, […]

    AIMCOR Group, LLC Announces Partnership with Human API to Optimize Advisor and Client Experience with Electronic Health Records (EHR)

    {February 11th, 2020} by AIMCOR Group, LLC

    PAOLI, Pa., Feb. 11, 2020 /PRNewswire/ — Today, AIMCOR Group, LLC announced a strategic partnership with Human API, the largest consumer-controlled health data platform, to create a faster life insurance buying experience for agents and their clients by giving applicants a simple and digital way to share access to their electronic health records (EHR). AIMCOR Group, LLC […]

    New research from AgeUp reveals majority of millennials and Gen Xers expect to financially support their parents in their old age, but few are planning for it today

    {February 11th, 2020} by AgeUp

    BOSTON, Feb. 10, 2020 /PRNewswire/ — AgeUp, an innovative annuity product issued by Massachusetts Mutual Life Insurance Company (MassMutual), today unveiled new research on how millennials and Gen Xers approach financial planning for their parents’ longevity. Developed by Haven Life Insurance Agency, AgeUp is designed to provide the adult children of the Boomer generation with financial protection for […]

    CNO Financial Group Reports Fourth Quarter and Full Year 2019 Results

    {February 11th, 2020} by CNO Financial Group

    CARMEL, Ind., Feb. 11, 2020 /PRNewswire/ — CNO Financial Group, Inc. (NYSE: CNO) today announced that for the quarter ending December 31, 2019, net income was $278.0 million, or $1.84 per diluted share, compared to $28.3 million, or $0.17 per diluted share in 4Q18.  CNO also reported that 4Q19 net operating income (1) was $78.6 million, or $0.52 per diluted share, compared to $59.8 million, or $0.36 per diluted share in […]

    Prudential Aims to Cut Stock-Related Annuity Risk: Earnings

    {February 11th, 2020} by Allison Bell

    Prudential Financial Inc. did well in the fourth quarter, but it’s trying to harden itself against current and future financial storms. Executives at the Newark, New Jersey-based company said the company’s is already making adjustments to counter the effects of low interest rates. The company is also working to cut costs, and to reduce the […]

    National Western Life Forms Distribution Organization

    {February 11th, 2020} by Allison Bell

    National Western Life Insurance Company has created its own organization of independent marketing organizations. The Austin, Texas-based life insurer has pulled six national marketing organizations into The Sterling Group. The marketing organizations in the new group are Advisors Excel, CreativeOne, Financial Independence Group, Gradient Insurance Brokerage, Impact Partnership, and M&O Marketing. National Western Life says […]

    ACLI Co-Hosts Major Financial Literacy Event

    {February 11th, 2020} by Allison Bell

    The American Council of Life Insurers invested in U.S. children’s financial literacy Wednesday. The ACLI hosted the release of the Council for Economic Education’s 2020 Survey of  the States, in Washington, at the ACLI’s offices on Constitution Avenue. The Council for Economic Education supports economics and personal finance educational efforts in K-12 schools. The council […]

    Jackson Names Axel André CFO: Personnel Moves

    {February 11th, 2020} by Allison Bell

    Jackson National Life Insurance Company has named Axel André executive vice president and chief financial officer of Jackson. André previously was chief financial officer of individual retirement at American International Group Inc. He also has served as chief risk officer for individual retirement, group retirement and institutional markets at AIG. Jackson National is a Lansing, Michigan-based […]

    Lincoln Financial Says Last Quarter Looked Good: Earnings

    {February 11th, 2020} by Allison Bell

    Executives from Lincoln National Corp. — a company better known as Lincoln Financial Group — are telling roughly the same kinds of earnings story that colleagues at other life and health insurers have been telling this month. All sorts of headwinds could have caused problems in the fourth quarter of 2019, and could still cause problems later, but, […]

    Brighthouse Shows That Net Income Is Having Problems: Earnings

    {February 11th, 2020} by Allison Bell

    Brighthouse Financial Inc. posted a net loss over $1 billion late Monday — and its share price rose about 12% this morning, to close to $48. The Charlotte, North Carolina-based life insurer showed that an accounting approach that’s supposed to make financial services companies’ strength easier to track has instead caused investors to pay less attention to net […]

    Comment ‘Pawns’ Helped Kill DOL Fiduciary Rule: House Hearing Witness

    {February 11th, 2020} by Allison Bell

    At least some members of  the House Financial Services Committee say that fake public commenters have hurt the integrity of the public comment processes for new federal regulations — including the U.S. Department of Labor’s fiduciary rule effort. The House Financial Services oversight subcommittee held a hearing on public comment integrity in Washington, last week. The subcommittee gave […]

    Integrity Marketing Acquires Ad Agency

    {February 11th, 2020} by Allison Bell

    A mass insurance products distributor buyer today announced a different kind of deal. Integrity Marketing Group LLC of Dallas says it has acquired ThomasArts, a Salt Lake City-based ad agency that specializes in ads for Medicare plans and other products aimed at consumers ages 50 and older. Integrity Marketing did not say how much it […]

    Integrity Marketing Group Acquires ThomasArts-A National Advertising Agency focused on the Senior Market

    {February 11th, 2020} by Integrity Marketing Group

    DALLAS, Feb. 11, 2020 /PRNewswire/ — Integrity Marketing Group, LLC (“Integrity”), the nation’s largest independent distributor of life and health insurance products, today announced it has completed the acquisition of ThomasArts, an advertising agency specializing in the senior insurance market. Financial terms of the transaction were not disclosed. As part of the deal, ThomasArts Chief Executive Officer Dave Thomas, […]

    FINRA Issues RMD Alert on Secure Act Changes

    {February 11th, 2020} by Melanie Waddell

    New required minimum distribution rules under the Setting Every Community Up for Retirement Enhancement Act of 2019, or the Secure Act, are prompting regulators to alert investors as well as broker-dealers and advisors to some “tricky” new requirements. The Financial Industry Regulatory Authority, for instance, just released an “updated” Investor Alert that answers questions on […]

    Equitable Moves Another Step Away From AXA

    {February 11th, 2020} by Allison Bell

    A company that was once a high-profile pillar of the U.S. life insurance industry is continuing to reestablish itself as an independent, U.S.-based company. Equitable Holdings Inc. announced Friday that Thomas Buberl — the chief executive officer of AXA S.A. — has left the Equitable board. The Equitable Life Assurance Society of the United States was founded in […]

    AM Best Affirms Credit Ratings of Subsidiaries of CUNA Mutual Holding Company

    {February 10th, 2020} by A.M. Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of CMFG Life Insurance Company (CMFG Life), the lead life and annuity writer, and MEMBERS Life Insurance Company (MEMBERS Life), a life and annuity subsidiary. Both companies are life/health subsidiaries of CUNA […]

    Horace Mann Reports Strong 2019 Results

    {February 10th, 2020} by Horace Mann Educators Corporation

    SPRINGFIELD, Ill.,–(BUSINESS WIRE)–Horace Mann Educators Corporation (NYSE:HMN) today reported financial results for the quarter and full-year ended December 31, 2019: Horace Mann Consolidated Financial Highlights               Three Months Ended December 31,   Twelve Months Ended December 31, ($ in millions, except per share amounts)   2019   2018   […]

    Lincoln Financial Group Reports Fourth Quarter and Full Year 2019 Results

    {February 10th, 2020} by Lincoln Financial Group

    RADNOR, Pa.–(BUSINESS WIRE)–Lincoln Financial Group (NYSE: LNC) today reported net income for the fourth quarter of 2019 of $431 million, or $2.15 per diluted share available to common stockholders, compared to net income in the fourth quarter of 2018 of $399 million, or $1.80 per diluted share available to common stockholders. Fourth quarter adjusted income […]

    Annuities About to Have a Bigger Footprint in 401(k)s

    {February 10th, 2020} by John Miller

    With the SEC making the offering of annuities in companies’ 401(k) retirement plans easier, we are now scrambling to make this type of investment more transparent. There is something particularly tempting about annuities that appeal to a lot of people, for the same reasons that they loved fixed benefit pension plans. There is no doubt […]

    Brighthouse, Athene announce FIA innovations

    {February 8th, 2020} by Editorial Staff

    Competition and the low interest rate environment continues to drive innovation in the fixed indexed annuity market as companies try to dress up their products and avoid a trend toward commoditization. Click HERE to read the full story via RIJ     The average cap rate on an FIA account that’s linked to the S&P500 […]

    The Impact of SECURE Act Lifetime Income Projections

    {February 8th, 2020} by John Manganaro

    Commenting on the passage seven weeks ago of the Setting Every Community Up for Retirement Enhancement (SECURE) Act, Geoffrey Dietrich, executive vice president of the eponymous retirement plan insurance firm DIETRICH, says his view on the potential effect of the legislation differs somewhat from that of other analysts. Many retirement industry observers have opined that the […]

    Why life insurance is the new stretch IRA

    {February 8th, 2020} by Ed Slott

    Advisors should move quickly with new estate planning advice for clients now that the Secure Act has passed. This law, which eliminated the stretch IRA plan for most nonspouse beneficiaries and replaced it with a 10-year rule, is already effective for deaths that occurred in 2020. While planners can still help clients maintain their goals, […]

    1 in 4 adults can’t name a single life insurer?

    {February 7th, 2020} by Insurance Forums Staff

    A new LIMRA study finds 1 in 4 adult Americans cannot name a single company that sells life insurance and a majority (56%) are unable to name three life insurance companies. As discouraging as this may sound, it does reflect an uptick in unaided awareness of life insurance brands among U.S. consumers, compared to 2014 results. Over […]

    Annuities are heading to 401(k)s

    {February 7th, 2020} by Emile Hallez

    The SECURE Act provided a gateway to get annuities into 401(k)s, and many plans could begin to incorporate those insurance products as soon as this year.   Click HERE to read the full story via InvestmentNews

    Equitable Holdings Schedules Announcement of Fourth Quarter and Full Year 2019 Results

    {February 5th, 2020} by Equitable Holdings

    NEW YORK–(BUSINESS WIRE)–Equitable Holdings, Inc. (NYSE: EQH) announced today that it will release financial results for the fourth quarter and full year 2019 after the market closes on Wednesday, February 26, 2020. The company will host a conference call webcast on Thursday, February 27, 2020 at 8:00 a.m. ET to discuss the results. The conference […]

    Brighthouse Financial Launches Fixed Index Annuity with Market Synergy Group

    {February 5th, 2020} by Brighthouse Financial, Inc.

    CHARLOTTE, N.C.–(BUSINESS WIRE)–Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) announced today that it has entered the independent marketing organization (IMO) distribution channel with Brighthouse SecureAdvantageSM 6-Year Fixed Index Annuity (FIA). Key features of SecureAdvantage 6-Year include 6-Year Annual Sum Index Account options1 as well as greater transparency into the daily values of the contract than is typical […]

    Penn Mutual Launches Two New Universal Life Products

    {February 5th, 2020} by Penn Mutual

    HORSHAM, Pa.–(BUSINESS WIRE)–Penn Mutual recently released two new universal life products, expanding on its comprehensive portfolio. The Accumulation Builder Flex Index Universal Life (IUL) and Diversified Advantage Variable Universal Life (VUL) products equip consumers with robust allocation options and propels Penn Mutual forward as a strong competitor in the market with an emphasis on new […]

    Securian Financial Launches New IUL Product Focused on Accumulation—without High Fees and Multipliers

    {February 5th, 2020} by Securian Financial

    ST. PAUL, Minn.–(BUSINESS WIRE)–Securian Financial has launched an easy-to-understand indexed universal life (IUL) insurance product without the complications of multipliers and additional fees. Eclipse Accumulator IUL, issued by Minnesota Life Insurance Company, is an accumulation-focused policy for clients seeking—in addition to a death benefit—supplemental income for retirement funding, college funding or non-qualified deferred compensation. Its […]

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